That too, but none of those are my real point. We print money instead is my point. That's what appears to be an increase in standard of living but it isn't.

We all know that inflation is going to eventually rear its ugly head and then the standard of living will definitely decrease, but I don't see how his applies to production and productivity. The U.S. government isn't printing money to purchase consumer goods. They are printing money to pay the interest payments on the debt and to keep the government and all its programs running.

We all know that inflation is going to eventually rear its ugly head and then the standard of living will definitely decrease, but I don't see how his applies to production and productivity. The U.S. government isn't printing money to purchase consumer goods. They are printing money to pay the interest payments on the debt and to keep the government and all its programs running.

It's been happening...it's not going to happen. It's just going to get worse.
Both production and productivity get affected by printing of money which is not real wealth. It's theft.

Oh, btw:

Quote:

At Notre Dame, where Mr. Novak and I went to school, things have gone so far to the left in the economics department that a significant number of professors insist that a second department of "mainstream economics" be established to give the school some credibility in the field. The South Bend Tribune reports, with a straight face, that "David F. Ruccio, a prominent Marxist economist in the department," objects because this proposal would "marginalize an entire department of economists who are committed to pluralism and social justice."

__________________My Message to President-Elect Donald Trump:America did NOT became great because of what government did. America became great because of what the U.S. Constitution prevented our government from doing. The people made America great.

It's been happening...it's not going to happen. It's just going to get worse.
Both production and productivity get affected by printing of money which is not real wealth. It's theft.

Oh, btw:

I disagree with your opinion about the printing of money affecting productivity, but not enough to continually debate the topic. Nice jab at Notre Dame by the way. Does it improve your opinion of me to know I received my masters degree from Wichita State University or is that school filled with communists too?

I disagree with your opinion about the printing of money affecting productivity, but not enough to continually debate the topic.

Of course, you're not from the Austrian School of economics which is the only free-market one that makes the analysis I made.....whether it's productivity or production.
Since I'm ironing shirts for a business trip, I was being brief, because I don't have the time to explain it with a long post or more than one.

Quote:

Nice jab at Notre Dame by the way. Does it improve your opinion of me to know I received my masters degree from Wichita State University or is that school filled with communists too?

No. I just think phony economics is taught at most universities. Furthermore,as I recall, you took a jab at me first.

__________________My Message to President-Elect Donald Trump:America did NOT became great because of what government did. America became great because of what the U.S. Constitution prevented our government from doing. The people made America great.

They are related. Either way, we have not produced more goods instead we print money. There's no increase in real wealth or income.
People just feel richer than they are due to the extra money in circulation. To keep it brief.

2. productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Oh sweet irony -- an economics lecture from someone who had no idea what "means of production" meant.

__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington

Living on $20 an hour is like living on $10 per hour just 20 years ago, as all costs have at least doubled.

Wages for the majority have remained as the gov't and the fed reserve just pump out more money to fund war efforts and idiotic spending.

While I don't think you can just force a wage raise at this juncture, people don't possibly believe that more people in poverty is a good thing right? We're going to inflate our money until people can't live on their wages. America is more prosperous when there are less dirt poor people, not more right?

I guess employing people, I have a concern about how they live and what I basically SHOULD pay them but simply cannot afford. It blows.

If you make minimum wage and don't receive a raise after a period of time, then that should be a clear signal to you that your work is not valued at a higher wage. Either you should change jobs or somehow add more value to your job. Otherwise,a hike in the minimum wage is just gonna get your butt fired.

Has anyone noticed the illegal population in this country? There is a reason they are here. And it ain't because they are guaranteed a minimum wage.

__________________The welfare of humanity is always the alibi of tyrants

Living on $20 an hour is like living on $10 per hour just 20 years ago, as all costs have at least doubled.

Wages for the majority have remained as the gov't and the fed reserve just pump out more money to fund war efforts and idiotic spending.

While I don't think you can just force a wage raise at this juncture, people don't possibly believe that more people in poverty is a good thing right? We're going to inflate our money until people can't live on their wages. America is more prosperous when there are less dirt poor people, not more right?

I guess employing people, I have a concern about how they live and what I basically SHOULD pay them but simply cannot afford. It blows.

Most minimum wage jobs are unskilled labor. How much should someone make for washing cars, cleaning bathrooms, flipping burgers or checking your groceries out at wal mart? These types of jobs were never intended nor should be intended to raise a family of 4 on. The system is designed for a worker to start at the bottom and work your way up to a new pay scale as you get older, more educated, more experience, develop a trade, etc......

Why is this so hard for some people to understand?

__________________
Originally Posted by Cassel's Reckoning:

Matt once made a very nice play in Seattle where he spun away from a pass rusher and hit Bowe off his back foot for a first down.